Prof. Anat Admati answers five questions about the battle between day traders and Wall Street over the video game retailer GameStop:

• What is happening with GameStop stock?
• Does the intense trading activity have immediate implications for GameStop as a company?
• How can trading uncover what might be the “right” value of a stock?
• What role does the stock market play in a healthy economy?
• Should anyone intervene to protect investors?

Anat R. Admati is the George G.C. Parker Professor of Finance and Economics at the Stanford University Graduate School of Business, a director of the Corporations and Society Initiative, and a senior fellow at the Stanford Institute for Economic Policy Research.

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